MUMBAI, Nov. 11 -- Shriram General Insurance plans to add 10,500 financial advisors and secure one or two more vehicle maker partnerships in the second half of fiscal year 2027 (FY27), betting on two growth channels even as proposed regulatory curbs threaten to alter their economics. The insurer clocked 21% total premium growth in the first half.

The Insurance Regulatory and Development Authority of India's (Irdai) September consultation paper proposes zero commission for distribution entities and a 2.5% cap for agents on mandatory third-party cover for new vehicles. For own-damage cover, it proposes caps of 5% for distribution entities and 10% for agents. The changes would limit what insurers can pay to win business through vehicle make...